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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Oct 30, 2017

Norbert Michel is the director of the Center for Data Analysis at the Heritage Foundation. Today, Norbert joins the show to discuss a new book of collected essays, which he edited, titled *Prosperity Unleashed: Smarter Financial Regulation.* Norbert pushes back against the narrative that deregulation caused the 2008 financial crisis and argues that excessive regulation hinders growth and actually makes the financial system less safe. He and David discuss policy recommendations made in the book, including reforming the Federal Reserve’s last-resort lending practices, converting the Consumer Financial Protection Bureau (CFPB) into a commission, and more. David’s blog: Macro Musings podcast site: David’s Twitter: @DavidBeckworth Norbert Michel’s Heritage profile: Norbert Michel’s Twitter: @norbertjmichel Related links: *Prosperity Unleashed: Smarter Financial Regulation* edited by Norbert J. Michel “Reforming Last-Resort Lending: The Flexible Open-Market Alternative” by George Selgin “Reforming the Financial Regulators” by Mark Calabria, Norbert Michel, and Hester Peirce “Money and Banking Provisions in the Financial CHOICE Act: A Major Step in the Right Direction” by Norbert Michel